Public Companies
Storage REITs take a tumble despite strong results
The COVID-19 pandemic may be waning, but the pandemic-fueled lift in business for the five publicly traded self-storage REITs is not.
Keep ReadingExtra Space expects new supply pressure to moderate in 2022
Joe Margolis, CEO of Extra Space Storage, believes self-storage supply pressures will moderate in 2022. That trend could reverse in 2023.
Keep ReadingCubeSmart CEO: New development ‘incredibly challenging’
Chris Marr, president and CEO of CubeSmart, expects the “fairly muted” environment for self-storage development to continue for a while.
Keep ReadingNational Storage Affiliates ‘unprecedented’ deal activity approaches $2 billion
The self-storage REIT just raised its acquisition forecast for 2021 to a range of $1.5 billion to $2 billion, up from the previous outlook of $1.1 billion to $1.3 billion.
Keep ReadingThird-party management fuels acquisition activity at Life Storage
Roughly one-third of the 75 facilities purchased so far this year were part of Life Storage’s third-party management platform. Saffire called the company’s third-party platform a “robust acquisition pipeline.”
Keep ReadingPublic Storage snaps up Dallas portfolio for $1.5 billion
The deal brings the country’s biggest storage operator’s acquisition spending to over $5 billion for 2021. The portfolio has 56 facilities.
Keep ReadingExtra Space surpasses 800 facilities under third-party management
In mid-September, the Salt Lake City, UT-based REIT announced it had surpassed the 800-facility mark for properties operated by its third-party management platform, called ManagementPlus.
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